Eileen sharpe IDA Ireland - Asia Business Week Dublin

Transcript of Eileen sharpe IDA Ireland - Asia Business Week Dublin

ASIA BUSINESS WEEK DUBLINAsia Ireland Trade and Investment Summit

5 June 2014

The Importance of Asia to Ireland’s FDI agenda

Eileen Sharpe,

Director of Growth Markets, IDA Ireland

The Importance of Asia to Ireland’s FDI agenda

Eileen Sharpe June 4 2014

Agenda

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IDA Ireland – role and business focus;

Economic impact of FDI;

Asian FDI underlying drivers;

Existing companies impact

IDA Ireland

Role:• To attract foreign direct investment

(FDI)

• To create valuable and sustainable employment in Ireland

• To offer a full suite of practical and financial supports to multinational companies

• To build on our existing base of 1,000+ clients who today employ c. 160,000 people in Ireland

Prime Minister

Minister for Jobs, Enterprise & Innovation

IDA Board

273 staff globally

Overseas Offices Regional Offices

Sectoral Divisions

IDA Business Focus

Information Communication

Technology

Life Sciences

Engineering, Industrial & Clean

Industries

Content Industry, Consumer & Business

Services

Global Business Services

High Value Manufacturing

Research, Development &

Innovation

International Financial Services

Current Impact of FDI

IDA Portfolio Companies: 515 from the US

166,000 / 280,000 Impact

1,050

Two thirds Business Expenditure on R&D

€8 billion€121

€21 billion

IDA focus across industry segments

Leading MNCs

2nd Tier

High Growth Companies

https://www.google.ie/url?q=http://www.ocisphd.com/2010/08/survey-difficulty/&sa=U&ei=X7pfU6KKDsWp7AapsoGwDw&ved=0CCwQ9QEwAA&sig2=m1JF2tXAGQZHJlzS3QY43Q&usg=AFQjCNH81PEFKa0XTvZPUdJYXTsReZlTOQ

https://www.google.ie/url?q=http://gotascent.wikia.com/wiki/Quantcast&sa=U&ei=iLpfU4iEOMvG7AaYtYHgCQ&ved=0CC4Q9QEwAQ&sig2=PRwlcQOSUE07gGy1AA1j_A&usg=AFQjCNGZm1VZrUQKOSW5aWjvECbYAJKU0A

https://www.google.ie/url?q=http://www.the-digital-reader.com/2014/03/19/dropbox-to-add-support-for-multiple-account-access-next-month/&sa=U&ei=ObtfU5jiAuud7gajnYCQCA&ved=0CCwQ9QEwAA&sig2=EC8opN06U1DFkvZNAqZYbw&usg=AFQjCNHOSE_B-gFCJgGgUIB3TOO7GoboUw

FDI sources and destination

IDA Ireland Overseas Offices

Asian Investment - Underlying Drivers

Track RecordNatural Resources

Market accessAsian Diaspora

TechnologyBrand acquisition

Familiarity & ease of doing business

http://india.gov.in/knowindia/state_uts.php?id=93

http://www.zhiqing-valve.com/i-Sales-Network-60722/

http://www.international.ucla.edu/china/events/showevent.asp?eventid=3593

http://vixstar1314.wordpress.com/2011/06/06/technology-a-gift-or-a-curse/

http://www.generatorgroup.net/blog-page/?Tag=talent%20acquisition

http://images.google.com/support/websearch/bin/answer.py?answer=185515&hl=en

http://www.illuminantpartners.com/category/china/

http://images.google.com/support/websearch/bin/answer.py?answer=185515&hl=en

China negotiated contract to rent 5% of Ukraine201

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Sectors that China Invests In

No. 1 Sector for Investment: Energy & Power Almost 50% of the money invested overseas by China and Chinese companies in the past nine years went into the energy and power sector.

China's demand for energy is expected to triple by 2030 so countries with abundant natural resources will continue to attract the most money from China.

China Ocean Shipping continues operating Greek port of Piraeus

2009 - 2044

Piraeus services over 20 million passengers per annum

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Japanese companies in Ireland include

http://www.smbc.co.jp/global/index.html

http://www.thk.com/jp/index.html

http://www.ms-ins.com/

http://www.lf.mufg.jp/index.html

http://www.rexxam.co.jp/index.html

http://www.fujikin.com/

http://www.mitsui.com/jp/en/index.html